27th January 2020
Exeter’s largest available warehouse ready to rent following refurbishment
Staunton Property’s newly-refurbished warehouse building Kestrel GTX on Sowton Industrial Estate in Exeter is now on the market through property agents Alder King and JLL.
The 45,318 sq ft (4,216 sq m) building is located on Kestrel Way, one of the main routes through Sowton Industrial Estate, and adjacent to the M5 motorway, offering easy access to Junctions 29 and 30.
The interior and exterior of the property was extensively refurbished and now offers a very high quality environment. It is now available to lease at a rent 25% below that of a comparable new build.
Noel Stevens, partner at Alder King, commented: “With construction cost inflation having heavily impacted on the cost of new build premises, newly refurbished space like Kestrel GTX offers occupiers high quality space and real value for money.”
Tim Western of JLL added: “Kestrel GTX is the largest vacant warehouse ready to go in Exeter and will suit a variety of warehouse and industrial occupiers. We’re expecting strong interest as the market picks up in 2020.”
